CAF Plots Colombia Road Fund

May 20, 2013

Corporacion Andina de Fomento (CAF) is planning a $1bn collateralized debt vehicle to invest in Colombian roads, an official at the lender says. The transaction will be a first for Latin America and a formula that will allow the development bank to leverage a small investment to fund a broad range of projects. CAF expects to spend the next three months finalizing the structure of the transaction, Victor Traverso, representative director for CAF in Colombia, tells LatinFinance. From there, the multilateral plans...